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CNBC
Oct 3, 2012 12:00am EDT
believe that high energy prices are fundamentally a result of supply and demand. >> as it turns out, not even j.p. morgan's chief global investment officer agreed with him. the same day that eagles testified, this email went out to clients saying, "an enormous amount of speculation" ran up the price, and "$140 in july was ridiculous." if anyone had any doubts, they were dispelled a few days after that hearing when the price of oil jumped $25 in a single day. september 22nd. >> september 22nd. >> michael greenberger, a former director of trading for the commodity futures trading commission, the federal agency that oversees oil futures, says there were no supply disruptions that could have justified such a big increase. >> did china and india suddenly have gigantic needs for new oil products in a single day? no--everybody agrees supply-demand could not drive the price up $25, which was a record increase in the price of oil. the price of oil went from somewhere in the $60s to $147 in less than a year. and we were being told on that run-up, "it's supply-demand, supply-demand, supply-dem
CNBC
Oct 3, 2012 4:00pm EDT
got a wonderful energy practice. we're going a lot of things. our mantra is we want to find our clients yield, growth, and inflation hedging. we're doing that across our real assets. energy, infrastructure, real estate, and that's something we're very well prepared to do and we've been able to partner with our clients and put a fair amount of capital in that space. i think that will continue to be a big area for the firm. >> what about technology? you know, larry ellison yesterday talking about growth from the cloud. that's obviously one of the themes within tech. what where are you seeing nunt tech? >> technology in the u.s. is 15% of our market cap. it's 3% in europe. it's a core competency in the u.s. what i think is happening right now is remember in 1998 the world turned down, but it was asia that was in trouble. the central banks put liquidity in and technology did well, particularly growth stocks. my view right now is instead of asia being in trouble, it's europe, but people are going to migrate towards some of the good growth stocks. you've seen that in names, you know,
CNBC
Oct 4, 2012 6:00pm EDT
went right into a call from north american energy self-sufficiently, coal as an endangered species under obama. listen. >> i like coal. i want to make sure we can continue to burn clean coal. people in the coal industry feel like it's getting crushed by your policies. >> lots of bozos went in and bought the coal stocks. all the coal stocks on. this wrong take away, people! coal's hostage to chinese demand more than u.s. use. that's not the case for the users of coal. the users, people. and that's why i said romney's giving you a heads up to buy american electric and power, two coal building utilities that have to spend far less retrofitting facilities under romney staff epa. i would be a seller of the console energies in the pea bodies in the strength. i take down union pacific. it is the carrier of clean coal. i would never recommend a company on this show with bad fund am fundamentals. but they can be justified even with this sitting president. the pure coal plays are faltering fundamentally. there is no way i'm going to buy them based on some off handed debate patter. you want a
CNBC
Oct 4, 2012 3:00pm EDT
should point out energy is very strong today. that, of course, has been one of the leaders for stocks this year. they are powering the market higher as well today with the dow just off the highs, up 86 points. the nasdaq's up 12 points right now at 3148. the s&p is up 10-plus points right now at 1461. maria. >> all right, bill. the minutes from the federal reserve september policy meeting today out shedding little new light on the fed's future plans, but of course tomorrow's september jobs report will off more clues about the health of the economy. we're going to get some thoughts about what to expect out of the jobs numbers and from this rally. >> everybody is on board. steve, how about some of the hits, runs, and errors from those feds minutes? it didn't move the markets to any great degree today. >> i think we knew where people stood. the voting members are more or less in favor of the policy that came out, which was the one, the open-ended quantitative easing. the non-voters, there are more objections there. that's where more of the hawks are in the current rotation of the fomc. i
CNBC
Sep 28, 2012 4:00pm EDT
higher by 3% or many this quarter with energy leading the way followed by tech, consumer discretionary and financials. some of the risk on you could see in those groups. with the energy sector the best performing stocks we saw, cameron international. one of the standout weak links in the sector, alpha natural resources, down about 25%. meantime, tech, the second best performer up about 7%. some really big movers here we saw. first, computer sciences. google, western digital. these were seeing 30% to nearly 50% moves. on the downside, we saw amd having a 41% drop for the quarter. to give you a little bit of perspective on that competitor, intel down only about 14%. finally, the utilities was the worst performing sector this quarter. the only one up today. aes first energy was a lagger. it wasn't all bad news. nrg energy and american electric power were higher, as you can see there. a lit of a mix. when all is said and done, not a bad quarter, given both the domestic and international environments, the uncertainty we've seen, the election is coming. we did well for the third quarter. >>
CNBC
Sep 27, 2012 4:00pm EDT
, the strongest sector is the energy sector. with all the fracking going on, anything related to fracking. we have rail cars that carry sand. you can't get them. they're very, very valuable right now. any type of car that really isn't associated with the energy sector. that's one of the hottest sectors right now. >> an look where oil is. that makes sense with the momentum there. >> retailers, it's more mixed. some of the retailers are doing okay. some of them are not. it's much more of a mixed picture. >> the international story, is that part of their business? or is this largely a domestic set of companies we're looking at? >> no, these companies are primarily domestic. most of their business is in the u.s. more than half of their employees are here in the u.s. this is primarily a u.s. base. >> given your background, you were there at those meetings at the federal reserve during the financial crisis. how does it feel to you today versus where we were in 2008? >> well, it's much, much better. 2008 was an incredibly difficult time, certainly the worst period of time in my career.
CNBC
Oct 1, 2012 6:00pm EDT
madmoney.cnbc.com. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. we know you. we know you have to rise early... and work late, with not enough sleep in between. how you sometimes need to get over to that exit, like, right now. and how things aren't... just about you anymore. introducing the all-new, smart-sensing... honda accord. it starts with you. >>> here's one area where playing football and "mad money" have a lot in common. we call it the check down. that's when the quarterback considers whom he should pass the ball to. checking down one receiver after another, find out who's open. who can score. and then hits him while he's uncovered. the best quarterbacks have a list in their heads about who t
CNBC
Sep 28, 2012 11:00pm EDT
things the company makes is highly secure communication systems, energy annal just, warfare systems, night vision goggles. it also has an information technical side where they do everything from aircraft traffic management for the faa and networks. that's probably less sensitive to the budget cuts we're all so worried about. last quarter was quite strong. if we don't fall off the fiscal cliff this could be the right stock to own. even if we do smash into the fiscal retaining wall, trading at six times next year's earnings. i just don't think there's much risk here. don't take it from me. let's talk to david melcher the pose and ceo of xls who is a retired general of the army. mr. melcher, welcome to "mad money." >> thank you so much. >> have a seat. >> appreciate it. >> first, david, we like companies that get more focus, that were conglomerates and they boil down to different divisions. what does it mean and how much better can you can standing alone than you could be as part of a larger conglomerate? >> we are more focuseded in our investments. we're able to control our destiny wi
CNBC
Oct 2, 2012 1:00pm EDT
decides, you know, the future is green energy and throw a lot of money at any small company that gets in the green energy field that creates a lot of problems. load up on debt. they don't -- they lack market discipline. they expand capacity beyond demand and what you end up with is sol lynn draft. >> so, what could government do effectively to help not the small young companies, necessarily but the smaller, fast-growing companies? what in your article you call the gazelles? >> the gazelles. one thing could you do is think about what growth companies do, they are always expanding, outgrow their office, their factory, what happens when they do that they run into a lot of luke roarcracy, building permits, environmental impact statements. what government can do is clear out the bureaucracy, take a concierge approach. >> let us help you that helps you be local then rather than state or federal right? >> that's right. most of the on obstacles are local. >> feed the gazelles but not with cheap capital government subsidies that causes those growth companies to take their eye off the ball
CNBC
Sep 28, 2012 7:00pm EDT
run up in energy prices. >> heck ya. blame the fed. why are they cheapening the value of the dollar. >> larry that's another conversation. >> income is falling, joe. where are consumers going to spend? if information tors are going where they are going to hire. >> it looks like vehicle sales may have hit the high for the year in september. >> that's inflation, joe. >> here's the point i want to make on the stall speed if you take the first half of the year we averaged 1.7% growth. that's not much but it is potential because we under invested in the cycle, potential growth is very low. >> this is the most pathetic economic recovery. >> he is more bearish than i am. >> you are so far below potential growth right now. this is the worst recovery. i don't know fit is recovery and every time i get optimistic i get a spade of numbers that tell me not to be so optimistic. i want to be optimistic but i will tell you, 1.3, what is that? not recovery. thank you. you are both terrific. >>> four years in to president obama's term we should be in recovery that is full speed ahead. instead we have
CNBC
Sep 26, 2012 6:00am EDT
, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real ss. trading tools for all. like our all-in-one trade ticket. we put strategies, chains and positions all on one screen. start trading today with optionsxpress by charles schwab. >>> good morning, and welcome back to sidewalk squawk here on cnbc. it is -- is it okay? >> no, please don't. >> it's almost 6:30 on the east coast. i'm joe kernen along with becky quick. our top story are the global markets. u.s. equity futures after a selloff yesterday are getting back about 17 poin
CNBC
Sep 27, 2012 3:00pm EDT
off. we've had a good rally led by energy for most of this day. >> is the latest gdp report a major red flag that investors should not ignore? we'll be talking with the st. louis federal reserve. that's an exclusive interview later this hour. also, don't miss my exclusive with john thain in the next hour. let's look at where we stand as we enter the final stretch. as i mentioned, the market had been up about 100 points earlier. we're very shy of the highs of the day. financials doing well. bank of america one of those dow components. jpmorgan as well. check the s&p 500. here's a look. again, that is the highest of the day. just shy of it, actually. up 14.5 points. better than 1%. we mentioned that gdp data. let's not forget we also had a dismal report on durable goods orders, once again showing weakness in this economy. investors not worried about these numbers today. >> we got decent news out of europe and china this morning. either way, we're asking if investors should think twice before buying into this kind of a rally based on what the u.s. economy is telling us right now. let's
CNBC
Oct 2, 2012 7:00pm EDT
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CNBC
Sep 29, 2012 6:00am EDT
definitely be logged in. you were once a future's trader. >> i traded energy futures. i think it is really important to focus on the future's market because there is a wide world of tradeable instruments. >> time for the final call. >> this week's web extra is how to buy protection on the s&p. >> you're long facebook. >> a nice way to make a bullish play in halliburton is to buy the calls. >> looks like our time has expired. for more "options action" go to our website. we will see you back here next friday. right after this break money in motion is up. like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. >> announcer: the following is a paid presentation for the new professional ninja kitchen system limited edition, brought to you by euro-p
CNBC
Oct 1, 2012 9:00am EDT
, back to you. >> thank you so much, rick. let's check out the latest moves in energy and metals. sharon at the nymex. >> the momentum here definitely in the metals market. i'm standing in the gold pit. gold prices went above $1,794 an ounce. a lot of investors may have looked at the s&p 500's returns, that's decent. but gold up over 10% in the last quarter. silver up over 25% in the last quarter. they want some more of that in the fourth quarter. and we're looking at that here in the metals market. also looking at momentum taking over, the weak sentimental data out of china in terms of the oil price. the oil prices here are a little bit of a bid for oil. the fact that they lowered a mix a little while ago before the open on the weak data out of china on their manufacturing numbers. in terms of the biggest mover here in the commodities space, definitely it is natural gas. natural gas at a ten-month high. natural gas here above 3.40. some are saying that $3 gas is sustainable here even if we don't see the same focus on coal to gas switching. still going to see higher natural gas prices. b
CNBC
Oct 2, 2012 9:00am EDT
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CNBC
Sep 27, 2012 2:00pm EDT
market. puts upward pressure on energy, material, and financial stocks. and indeed, brian, those are the stocks that moved up in the middle of the day. back to you. >> i think it's also worth noting, stnt, and i think you also pointed this out in your morning note, that everyone keeps talking about the faded rally and yet just put it in perspective for us. it's not really fading, is it? the fed's always there to backstop regardless. >> yeah, i left 11 days ago and the s&p was just shy of 4 1/2-year highs. right now despite all this five-day decline, everyone is talking about, we're only 2% off of the 4 1/2-year highs. and the s&p is up 2 1/2% so far this month. supposedly a bad month. >> okay, bob, thank you as always for putting things just exactly where they need to be. well, are the markets operating as if literally nothing matters? we have unrest in the euro zone. we've just been talking about that. disappointing economic data here at home. and yet we're trading higher. how do we interpret these mixed signals? joining us now is michael cuggino, president of permanent portfolio fu
CNBC
Oct 1, 2012 6:00am EDT
governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to america. bp supports nearly two-hundred-fifty thousand jobs in communities across the country. we hired three thousand people just last year. bp invests more in america than in any other country. in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. >>> our guest host craig barrett, former chairman and ceo of intel. it's really good to have you. this is like twice in the last three weeks you've been on, isn't it? >> it's a pleasure to be with you guys. >> we'll talk tech, first of all, do you feel total, do you feel like a generation wire? are you totally insync with everything in technology now or do you harbor any resentment to all this new stuff, craig, having been at intel in the glory days? >> hey the beauty of tech is everything changes every ye
CNBC
Sep 27, 2012 6:00am EDT
first time since the beginning of august. this morning $90.29. but the pressure on energy has come as a big surprise and it has been fairly relentless. also the ten year note if you take a look this morning, you'll see the yield at 1.64%. the dollar is a mixed picture. it is stronger against the euro, though. down against the yen. euro trading at 1.2056. and gold prices very quickly you'll see they're bupup about $4.10. >> even google, a birthday cake comes up. >> what? >> did you see this? >> you, there it is. >> this comes up as a birthday cake because it's google's 14th birthday. but they can always go to google on their birthday and think that it's all about them. >> that's great. >> can you see the future, though, as we were all sitting in cars all going the same mf-no we're all going the same speed, you look -- everybody's in the same formation. and at lunch they sefsht michelle obama lunch, you get like one asparagus and one sprout, no big gulps. 15.9 ounces of a coke. that is our future. i just saw it. and i don't like it. >> phil is defending it, he said you can take contr
CNBC
Oct 2, 2012 6:00am EDT
tourism industry, we haven't exploited the full potential, we have alternative source of energy like solar energy or wind energy, we have agricultural output that we don't take advantage of, so there are ma so many resources and opportunities in greece, it's not a matter of the private sector doing poorly or a lack of resources, but it's rather how the state is operating, we have a big public sector as you know, we have tax evasion and we have no privatizations. if we change these things if we're not a state controlled economy but instead a private controlled economy we can see a different picture and to me by staying in the european union this is where we should concentrate. it's not how much you value the currency or you divide the labor cost but what kind of economy you are, where you wish to go. >> that's similar to the debate we seem to be having here in the united states. thanks so much for joining us this morning and congratulations on your deal and good luck with it. >> thank you very much. >> thanks for playing, sam. that was helpful. good to have you on the set. >> just loo
CNBC
Oct 2, 2012 3:00pm EDT
think he's right on. i think she's a good choice for yahoo!. she's got a lot of energy, a lot of experience. you know, during my tenure, we had talked about personalization, of course mobile, you know, getting more engage ed users. i think she's right on the mark. she's a great gal. >> and the company recently sold its stake in ally baba, returned the cash to shareholders. was that a good move? under your tenure, the relationship was a bit strained, right? >> well, that was a little bit overblown, but we were actually working a long time to figure out the valuation and how to do this, at one time we had hoped, tax free. i'm very proud of the team, including my ex-cfo. they really put together a good plan with alibaba. which ever way they do it, probably share buy back, i actually have no idea, that's good for the shareholders. >> you know, it seems to me that it's a real crux or sort of a dilemma that you face when you're in technology and sort of a proponent of, you know, information flow across the world and dealing with a government that withholds information. how do you balan
CNBC
Sep 26, 2012 1:00pm EDT
the energy department showing gasoline demand went down but it was distillate demand that went down sharply. down over 8%. that lets you know there are big demand concerns as well weighing on the price of crude. in terms of gasoline, it spiked around 11:30 after reports of a refinery explosion in canada at irving refinery. this is one of the largest refineries in mother america. 300,000 barrels per day adding to the issues we have been talking about that put tightness in the gasoline market over a period of time. this spike of 11 cents we saw in gasoline futures was most pronounced in the front month contract. we are seeing a big amount of price action in the spreads. keep an eye on november and december gasoline contracts as well. >> to politics now. as we mentioned president obama and mitt romney hitting the spring state of ohio in duelling events. the president speaking ott bowling green university. governor romney in bedford heights, pushing his economic plan to business leaders there. the polls show the president is holding a lead in the state. cnbc's chief washington correspon
CNBC
Sep 27, 2012 1:00pm EDT
little best a lift. then of course we also moved up with the energy stocks, the whole complex moved up on the weaker dollar. >> and we have -- thank you, bob. we have an out performance on tech stocks. certainly at the nasdaq. sima mody has more on that this lunch time. >> seeing somewhat of a relief rally in tech this morning. and that's partly thanks to apple, sheeg a relief rally in apple after three days of ending in negative territory. even today ubf cutting its iphone estimates yet reaffirming its buy rating on apple, shares up 2%. google continuing its ride higher, celebrating its 14th birthday, and also evercorps gifting goog well a price target increase. stock up about .2%. also want to point your attention to research in motion, earnings after the bell, so we continue to watch the stock. and yahoo. google today reinstating coverage on the stock with a buy rating. back to you, simon and sue. >> thank you very much. seema mody. two key reports out after the bell. we're going to get you ahead of the game on both of those when we look at nike next. rim also reporting. how much
CNBC
Oct 1, 2012 1:00pm EDT
of what's moving here, well, right across the board, pretty nice rally here. energy materials, industrials, even consumer staples participating in this rally. we're expecting very significant increase in earnings about 20% over last year. >> that's almost a 4% gain in goldman sachs. >> look at the overall group moving to the up side. we need some positive earnings commentary from this group for the fourth quarter for the s&p to make numbers. finally, airlines are up as the international air transport association talked about a higher profit outlook for the airlines this year. given the prices i've been paying for travel? there ought to be -- >> you're our leading indicator. >> it hurts! >> absolutely. thank you. see you a little bit later. >>> art cashin is also with us on the floor. director of floor operations with ubs financial services. bob mentioned europe a little bit. but put that aside, as we begin a new quarter, last quarter we were up 4% and the market just doesn't seem to want to give anything back. what do you make of it? >> no. it's behaving very, very well here.
CNBC
Oct 4, 2012 4:00am EDT
weakness in energy majors offset gains on that market due to slumping oil prices overnight. japanese stocks pushed higher in late trade following the u.s. presidential debate where governor romney the pro business candidate appeared to outshine president obama. so the nikkei rebounded off a four week low with automakers and financials surging. but tech shares lost ground after hewlett-packard's profit warning. hp contract makers in taiwans also felt the pain with the computer share sub index losing 1.6%, but tmanaged to close fla. we saw a bit of profit taking on samsung electronics ahead of its q3 earnings guidance tomorrow. australian miners were lower, but banks lent support to the afx 200 ending at a 14 month high. weaker than expected august retail sales added to the case for further interest rate cuts. sensex stronger by 1% at the moment. >> let's pick it up with the european markets. equity to modest moves ahead of the bank of england rate decision. we'll have that for you live. louisa will help us figure out what's going on there. dax ahead of the ecb decision up by
CNBC
Sep 30, 2012 7:30pm EDT
when it rains it rains clean water. because the energy of the son evaporates only the clean, pure water. puts it in the clouds, condenses, comes down as rain. distilled water. we built a small box that is so efficient at reclaiming all the energy after it centurily boils and distills the water inside the box, it recycles all the energy so the only energy consumed by our box is to run its computers, its sensors, its little compressor. the box will sit there consuming less power than a handheld hair dryer and produce 1,000 liters of pure water a day, enough for 100 people per machine. >> so you created this sling shot nearly ten years ago and basically separating, or making dirty water clean? >> it makes dirty water absolutely pure. and we've worked on it for more than a decade. but like all the things we do we need partners to bring it to the world. most partners i make i bring to the medical products and farm suit c farm suit can companies in the world. but they don't go to where coca cola goes. once wu showed muhtar kent what we had and say, you have the only plausible distributi
CNBC
Sep 26, 2012 3:00pm EDT
opportunity on energy? do you look at energy stocks? how do you want to play it? >> there's lots of ways to play the game. you can buy big oil. you can buy the pipelines, buy the drillers, buy etfs. buy something. the bottom line is america's going to have to take the lead in turning this ball game around. then you'll see what happens in the rest of the world. >> david, this weakness does have your attention. it's affected the way you trade this market, yes? >> i think more and more, bill, europe is slowing more than expected. china's not going to grow 7%. it's more likely to grow 5%. the u.s. is growing at 2% and probably 1.5% in the first half of next year. yet, the s&p 500 is like this heavyweight champion. it keeps absorbing body blows after body blows. up better than 16% total return this year. as much as i dislike china and europe slowing, i think you want to be a net buying with the simple caution we're due for a 5% correction probably between now and early 2013. if you get that, you have to be a net buyer because companies are still on average doing much better than expected. the on
CNBC
Sep 25, 2012 11:00pm EDT
u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ >>> finally mitt romney's got something good to feel good about. i'm talking about unemployment. specifically, what we heard from paychex, the second largest pay rolling company in america. especially hiring small businesses, which irks main clients. last night we got results from paykhex and many considered it disappointing. now, i think paychex is a well-run business. while the company is facing a tough environment, the quarter wasn't terrible by any stretch of the imagination. it beat it by a penny on a 40 cents basis and 2% year over year. last time i thought that was the hugely important key metric. however, the growth year seems to be decelebrating. especially since that's why i'm thrilled to have marty, the chairman and ceo here to talk about the quarter. mr. mucy, welcome back to "mad money." >> good to be here, jim. >> i've got to oh tell you, i've been through these various downgrades and
CNBC
Oct 1, 2012 3:00pm EDT
points, two-thirds of 1%. when you look at today's sector leaders, it's energy, financials, health care. all posting sharp gains at this hour. of course, the energy and materials sector were really the pressured sectors going quarter. bill? >> combination of risk on/risk off seconders that are doing well today. no clear direction from that standpoint. we're wondering whether today's market action is a sign of what's to come for the quarter. you saw the statistic earlier that said on average when you have a positive first day of the fourth quarter the dow is up 4% for the quarter. so what's to come this quarter? deborah of "the street" says she feels the market is destined to go higher and points out $22 billion came flooding out of equity mutual funds in the month of august, alone. show she feels that money is going to come flowing back for the investors who feel they missed out on the action, marie w ya. >> is deborah right? could we have this market meltup continue? cnbc contributor abigail doolittle suggests taking money off the table in the face of these gains. deborah, let me
CNBC
Oct 2, 2012 2:00pm EDT
trades when you open an account. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. attention, owner of the light blue smart with the blackish-blue frame and the white dots and the splattered paint pattern, your lights are on. what? [ male announcer ] the endlessly customizable 2013 smart. >>> i'm bill griffeth. on closing bell, three huge interviews, former ceo carol bartz joining us, find out if her successor, melissa mayer, can turn around the >> can and new tar kentz vowing to double the revenue the next decade for coca-cola. he will lay out the strategy for the goal and don't want to miss the rare and exclusive interview with the oracle himself, ceo larry emson. find out how he is planning to dominate
CNBC
Sep 27, 2012 7:00pm EDT
, energy, material, financials, consumer discretion. >> transports are getting killed. utilities are getting killed. >> the group that would be predicting a per future economy was predicting it today, up about 1% to does that surprise you? >> i don't buy it at all. >> so you think we're in a recession. >> we're heading to it. at this moment, we're sticking with cyclicals. >> gold and gold miners. >> you heard it, folks. very lively. great stuff. coming up, nasa's curiosity rover captures images of a stream bed on mars. the full story on that plus late breaking news headlines up next. now, that's what i call a test drive. silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll take it. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energ
CNBC
Oct 3, 2012 6:00am EDT
energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> welcome back, everybody. the economy obviously front and center this week with the jobs report coming out on friday. our guest host this morning runs a company that has several economic indicators all rolled into one. joining us for the remainder of the show with his take on the markets and what's happening in corporate america is jim tisch, and jim, it's great to have you here onset. we were just talking about how you have a lot of different things that really give you a good idea of what's happening in the economy. diamond offshore, what's happening from an energy perspective, you have the luxury hotels there, the insurance line of business, you've got a real good idea of what'
CNBC
Oct 1, 2012 5:00pm EDT
still goes up. >> pop here for southwestern energy up. >> if you look at this year and look at the headlines on oil, look at the headlines on natural gas, you would think oil was up 30% this year, oil's down 6%, natural gas up 16% and j.j.'s neck of the woods is going to get cold over the next week. stay with natural gas overweight bio. >> swn. >>> pop for macy's up 2%. >> yeah, it's time to think about the holidays, practice ps that chilly weather will get you in that mood. macy's said they're going to hire 80,000 people for the holidays up 2.5% over last year, and a good day for good news. >> drop here for wendy's down 6%. scott? >> downgraded the company today to a hold. really interesting, they're worried about same-store sales, but in the long-term, this analyst still likes the name. so this is a short-term downgrade. >> and we got a pop here for russian friends. good news for you and your pen pal, facebook could be one step closer to opening a russian office. mark zuckerberg met with dmitry medvedev earlier today. he urged the founder to open a new office in his country. in a
CNBC
Sep 26, 2012 7:00pm EDT
the tax cuts at the energy plan, the trade, we're talking $12 million over ten years. it's a powerful plan. and the governor's message and including the tax reform piece of it that's going to lower the transaction costs of the code and contribute to growth. and the message is received. he will continue doing all that. but he's going to talk about -- >> i'm not a happy camper. i'm not a happy camper. >> it's half your value, larry. >> it's not about you, but you know my views. anyway, thank you. i'm sorry i interrupted. i know you worked hard to get on the set and help us tonight. i totally apologize for my interruption. >> not at all. >> jim talent, and now a senior economic adviser with the romney campaign. i thank you. i thank you. >> thank you, larry. >> let's get reaction from our panel who i hope heard that little discussion. ed rendell is back, former dnc chairman, former pennsylvania governor. american enterprise institute fellow, former george w. bush speech writer. ed rendell, if i may, you must have loved hearing that. me putting -- by the way, while this is all hap
CNBC
Oct 1, 2012 11:00pm EDT
remain concerned that the energy drinks are going to be called into question by the health authority. share loss, difficult to reverse. so my dow jones player is well covered. my s&p receiver can't get any separation. what's left? at this point in my favorite thing to check down is to see what index or group is so far behind the market that there's something that could play catch-up. with the market as hot as this one and i know people don't think it's hot but it really is, what i like to do is find a real laggard. almost every group is up. almost every one. lo and behold, not only is there an index that isn't keeping pace, there's one that's actually down. that's the transports. they were off at one point very badly today. that's a terrific opportunity in and of itself. i know if there's nothing in the other indices, my intended receiver is going to be in the transport group. but which one? they're all down a lot. all looking terrible. i shouldn't say all. some aren't. first the airlines. i try to keep an open mind with this group. think of how terribly set-up the airlines are for t
CNBC
Oct 3, 2012 9:00am EDT
here in the state of texas in the energy business, that investors are very focused on, it's a three-member utility commission that is going to make that decision. they are appointed by the governor. big debate between the president and his republican challenger, mitt romney. it wasn't that long ago that rick perry was one of the challengers for the republican nomination for president. i asked him what he thinks romney is going to do tonight and how he is going to do in tonight's debate. >> this president has to defend the debt that's being created and i think governor romney's going to do a very good job of one of growth, of one of allowing the states to be more engaged in policies. >> reporter: so, of course, he thinks romney is going to do good tonight. is he partisan, no doubt about that. we'll see how it plays out. >> david, i understand that you're still going to talk to kyle bass in a few minutes. what is top of questions in your mind? >> kyle is a big macro thinker. he also runs a hedge fund that makes stock picks like everybody else. we're also going to talk about, first off
CNBC
Sep 26, 2012 4:00pm EDT
that the transportations are sliding. they're slowing demand for energy out there. not only here, but in the world. so i'm just hoping that the stocks can hold on to their gains by keying off better housing numbers, which won't help oil but could certainly add to equities. i think the equities are going to have a hard time ignoring what the oil seems to be signaling. >> all right. we'll leave it there. thanks for your insight. leave it here. we have more on the oil slide on this busy wednesday edition of the "closing bell." >>> oil continues its slide but boone pickens says that's all the more reason to focus on natural gas. we'll find out why he thinks that's the way of the future and the auto industry. >>> then, he wants to know why no one on wall street is in handcuffs yet over the financial crisis. find out exactly which ceos he blames and what he says the department of justice needs to do right now to punish them. >>> plus, home builders are soaring but short sellers are hot on their trail. we're bringing in experts to look at the state of the recovery and which side of the
CNBC
Sep 26, 2012 12:00am EDT
detected, inspectors from the international atomic energy agency had begun to notice that iran was having serious problems with its centrifuges at natanz. >> what we know is that an iaea report said that 1,000 to 2,000 centrifuges were removed from natanz for unknown reasons. and we know that stuxnet targets 1,000 centrifuges. so from that, people are drawn to the conclusion, "well, stuxnet got in and succeeded." that's the only evidence that we have. >> the only information that's not classified. >> yes. >> and there are lots of things about stuxnet that are still top secret. who was behind it? >> what we do know is that this was a very large operation. you're really looking at a government agency from some country who is politically motivated and who has the insider information from a uranium enrichment facility that would facilitate building a threat like this. >> an intelligence agency, probably. >> probably. >> we know from reverse engineering the attack codes that the attackers have full-- and i mean this literally-- full tactical knowledge of every damn detail of this plant. so you
CNBC
Oct 3, 2012 11:00pm EDT
what we've learned with governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to america. bp supports nearly two-hundred-fifty thousand jobs in communities across the country. we hired three thousand people just last year. bp invests more in america than in any other country. in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. overmany discounts to thine customers! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and we thy saveth! what are you doing? we doth offer so many discounts, we have some to spare. oh, you have any of those homeowners discounts? here we go. thank you. he took my shield, my lady. these are troubling times in the kingdom. more discounts than we knoweth what to do with. now that's progressive. >>> taking co
CNBC
Sep 26, 2012 2:00pm EDT
. >>> coming up on "closing bell" oil continues to tank. noted energy watcher boon pickens weighs in on the recent plunge in crude and what it means for investors. does it go lower from here? we'll get his take. plus, wait until you hear how much banks are charging for overdraft fees in the last year. is it financial irresponsibility by millions of americans? we have the debate coming up. former california treasurer phil angelites says why more needs to be done to fix the aftereffects of the recent financial crisis. all ahead on "closing bell." we look forward to seeing you then. brian? >> looking forward to it, bill. well, folks, only 89 i days before christmas which means, don't panic. there are 88 shopping days left until the holiday. investors have gone on a shopping spree of their own. they have been buying up retail stocks. names like urban outfitters and the gap are up # 30% just this quarter. so courtney reagan, are all signs pointing to a strong holiday season? >> so far, yes, actually. many consumers are starting to shop for halloween costumes. i i'll be katniss from "the hung
CNBC
Sep 26, 2012 11:00pm EDT
that made it so first solar was more competitive. plus i dismissed the importance of green energy to germany and orders kept coming through even as total allocation for solar power got cut back. then they got a slew of orders and the stock doubles. i was stock about the stock being a value trap. most important, i had a huge home run telling you to get out at 138. why did i press it? greedy on the short side as a stupid buyer is on the long side. with first solar i arrogantly failed to practice my mantra, that bulls make money, bears make money, and hogs get slaughtered. i was no longer just being a bear on first solar, i was being a hog. i blew it. when it was at 13 i should have bren changing my mind instead of digging in my heels. the stock is down more than 100 points from where i first told you to sell it, it's never too late to declare a victory, as well as atone myself when there were 13 points to the downside. the business is not so horrible. no reason to buy it but no reason to hate it either. is first solar a terrific situation? no. was it a value trap at 13? no. no more tha
CNBC
Oct 2, 2012 4:00am EDT
macro cramer, but a lot of changes going on. energies and energy efficiency. many aspects to it. >> other stories today, a bid to prevent another financial crisis, the review led by bank of fin len governor is expected to call for a separation of retail and investment operations. the report will also call for bonuses to be paid in debt. we'll hear from the central bank later today. meanwhile steve hester has called for banks to readjust back to a more customer focused approach. speaking at the london school of economic, he said lenders need to restore good customer service to regain trust of the public and rbs is the poster child for what went wrong in banking. and eric snyderman is suing jpmorgan. the suit partly the result of a federal mortgage task force formed in january. investors lost around $22 billion and more than 100 securities. jpmorgan says the suit involves actions taken at the behest of the u.s. government. jpmorgan stock closing up 1.2%. and "new york times" says u.s. senate will try to use the lame duck session to reach a comprehend len sif deal to cut the defici
CNBC
Sep 28, 2012 9:00am EDT
stocks are up nicely. energy stocks. tech stocks. whole swaths are up not necessarily any particular sector winning or losing. what about the rest of the world? the theory the rest of the world is going to collapse? that hasn't happened. germany has out performed the s&p. germany is up 13% this quarter. we're up 2.9%. brazil is up 10%. spain is up 9%. whole swaths of the global stock markets are doing better than the united states. like i said, it's about the central bank intervention. end game may be different. not getting into the morality of this. i'm just pointing out what the numbers are saying. two theories have been wrong so far. let me make a quick comment about what's going on in spain. we'll get the results of this so-called bank audit done about 14 banks to try to figure out how much they need to recapitalize. we all know the numbers are going to be wrong. the numbers $40 billion, 60 billion euro. ludicrous number. they're going to create bad banks where they'll sequester most of the toxic assets. does this make a lot of sense to you? in theory, they're saying they could d
CNBC
Sep 28, 2012 12:00pm EDT
my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> welcome back to the halftime report. i'm jackie deangelis. up more than 8%. take a look at that chart. posted its third straight kwaerlly loss. but beating expectations. also saying it increased subscriber base. lots of conversation on the network today about this whether it's up for sale. also lots riding on blackberry 10. >> thank you. pete, what would you do with this here? >> take advantage of the pop and remove some of it it and replace it with upside options. in case somebody has interest in this. but when people are talking about the 10 version, this doesn't come out until this coming year. it's still into the future. when you're talking about are they the apple killer, no, they compete with the rest of
CNBC
Oct 3, 2012 8:00pm EDT
government. two, romney has a tax cut plan. he has a spending cut plan. he has an energy plan. he's got to make it clear. he's got to explain to people the connection between his plans and the economic recovery that we have not yet had. that's a tall order for romney. and he's going to have to fight hard for it while the, of course is attacking him. >> you said earlier i was watching kudlow and company, you said the first impression is important. he's got to swing right away. you think he'll do that? >> that's my hunch. i've seen this before. aggressive. he's got to put this sort of line in the sand. here's what i believe. and here's what he believes. and there's a big choice in this election. he is the guy who wants redistribution. i'm the guy who wants growth. he's the guy who wants government centered economy. i'm the guy for free enterprise. he's got to say that. but it's doubly hard because he's got to put meat on the bones of his tax and spend policy. to this day, people are not quite sure what mitt romney's policies are. the president doesn't have policies. romney does, but w
CNBC
Oct 3, 2012 12:00pm EDT
saying two macro fonts are lightening up on the energy exposure coming into this it first week of the month. whether or not that's the case, we sat down on the our trade desk this morning, we saw the market start breaking 90. gathered momentum and made a bee line for our first band of support around 89. we're not getting much of a bounce. you may want to cover those positions. the technicals, spr is way off the table. and it seems to be a little delevering. and i think that's what's pressing the market here. >> anthony, let's get your trade on this. >> i'm looking at we're still a very range bund market and even though the china data was soft, you have to look at stimulus from china coming out of the market. so unless we break out of this range, i'm still going to play the range. so i'm looking to get long. november crude oil around 88 of this. i want to put an $87 stop in because that would be below all my support levels. and at that point, we could move a lot lower to $80. but i don't think that's going to happen so i'll be long at 88 1/2 and looking to get out on the up side around
CNBC
Sep 26, 2012 12:00pm EDT
. >> what do you think? >> i like some of the names still. i am sticking with walter energy, not alpha natural right now. when you look at what's going on in the infrastructure plans announced in china, gave a lot of different names and a nice boost to the upside and enjoyed that boost and seeing pullbacks, that's understandable after the nice run they had and i agree, steve, they're volatile plays and not for the feint of heart. they do come have an incredible amount of beta. >> they're white knucklers. >> they are. >> the bulls enjoying the rally over the past few months and there is one thing that could kill the run. ron sloan, chief investment officer at invesco joins us. do you think earnings could kill this rally, right? explain. >> this has been a rally that's gone up. i think in some ways it is almost a testament to symbolism over substance. we have had earnings revisions down all year and the market moving up sharply and i think what we have done is put all of our earnings per share growth eggs in the fourth quarter basket creating a hockey stick kind of phenomena or effect an
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